Global Packaging Automation Solutions Market Growth (Status and Outlook) 2024-2030
Packaging Automation Solutions market size was valued at US$ 34250 million in 2023. With the growing demand in the downstream market, Packaging Automation Solutions is forecast to
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According to Publisher’s latest study, the global Packaging Automation Solutions market size was valued at US$ 34250 million in 2023. With the growing demand in the downstream market, Packaging Automation Solutions is forecast to a readjusted size of US$ 47630 million by 2030 with a CAGR of 4.8% during the review period.
Market Overview
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The research report highlights the growth potential of the global Packaging Automation Solutions market. Packaging Automation Solutions are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimisation remain crucial for the widespread adoption of Packaging Automation Solutions. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalise on the immense opportunities presented by the Packaging Automation Solutions market.
Advanced packaging automated solutions have emerged as a significant factor due to the increased importance of shelf service marketing resulting in effective and speedy packaging processes by manufacturers with minimal manual interventions. These solutions have significant applications in various packaging processes including product sorting, product handling, product storage, and product shipment.
The demand for the global packaging automation solutions industry is driven by an increase in the rate of industrialization and manufacturing activities due to the growing population, a reduction in the labour cost as automated packaging requires less manual inputs, and a rise in industries using this solution including food and beverage, healthcare and pharmaceuticals, and e-commerce and logistics industry, chemicals, automotive, and others. Moreover, the use of automated solutions helps fast-paced, increased, and enhanced productivity, thereby leading to market growth.
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Key Features:
Market Drivers: Technological Advancements: The capabilities and effectiveness of packaging automation systems are being improved by advancements in automation technologies, including as robotics, artificial intelligence (AI), and the Internet of Things (IoT).
Growing Need for Efficient Packaging: Automation solutions are becoming more and more popular as a result of the growing demand for faster and more effective packaging operations to fulfil rising consumer demand and cut operating expenses.
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E-commerce expansion: As a result of the developing e-commerce industry, there is a growing need for automated packaging systems. These systems must be dependable and efficient to handle high-order quantities.
Emphasis on Sustainability: Automation is being used to cut waste and boost resource efficiency as a result of increased awareness of environmental issues and the need for sustainable packaging solutions.
Labour Shortages and Labor-Related Expenses: To retain productivity and lower labour-related expenses, industries are investing in automation due to labour shortages and the high cost of manual labour.
Strict Regulations: The adoption of sophisticated automated systems to guarantee consistency and compliance is being driven by the need to comply with strict regulatory criteria for packaging quality and safety.
Challenges: High Initial Costs: The high initial costs associated with sophisticated packaging automation solutions can prove to be a deterrent to market expansion, especially for small and medium-sized businesses.
Complexity of Integration: It can be difficult and take a great deal of knowledge and customisation to integrate automation solutions with current packaging lines and IT systems.
Technical issues and maintenance: It can be difficult to guarantee the dependable functioning and maintenance of automated packaging systems; regular service and the assistance of qualified workers are necessary.
Regulatory Compliance: It can be difficult for manufacturers to navigate the complicated regulatory environment for safety and packaging standards across several areas.
Economic Uncertainty: Investments in packaging and industrial automation may be impacted by economic ups and downs, which may have an effect on market expansion.
Market Forecasts and Future Outlook: The growing e-commerce industry, the need for more efficient packaging processes, and automation technology improvements are all projected to fuel the global market for packaging automation solutions, which is predicted to rise rapidly between 2024 and 2030. Sustained growth will need to address issues like high startup costs and challenging integration. The industry presents great potential for new product development, market expansion into developing nations, and the creation of environmentally friendly packaging options.
Opportunities: Emerging Markets: Packaging automation systems have enormous development potential by entering emerging markets, which are experiencing an increase in consumer demand and industrial activity.
Technological Innovations: Market expansion can be achieved by funding R&D to improve the capabilities of automation solutions, such as AI-driven robotics and IoT-enabled systems.
Emphasis on Customization and Flexibility: Creating flexible and adaptable packaging automation solutions that are suited to particular industry requirements will improve customer satisfaction and market differentiation.
Sustainability Initiatives: Promoting environmentally friendly production methods and creating eco-friendly packaging options can draw in customers that care about the environment and adhere to legal requirements.
Strategic Alliances: Creating alliances with suppliers of packaging materials, technological companies, and end-user industries can help expand market share and spur innovation.
Improved Aftermarket Services: Long-term market growth and consumer happiness can be increased by providing full aftermarket services, which include maintenance, repairs, and upgrades.
Market Segmentation:
The Packaging Automation Solutions market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
1. Segmentation by type
• Automated Packagers
• Packaging Robots
• Automated Conveyors
2. Segmentation by application
• Food and Beverage
• Healthcare and Pharmaceutical
• Automotive
• E-commerce and Logistics
• Chemicals
• Others
Regional Insight: North America: Due to its sophisticated industrial infrastructure, large investments in automation technologies, and plenty of top packaging solution suppliers, North America leads the industry. Due to strong demand from the food and beverage and e-commerce industries, the United States makes a significant contribution.
Europe: Europe is next, leading the way are nations like France, Germany, and the United Kingdom. The adoption of cutting-edge packaging automation technologies is fueled by the region's emphasis on innovation and sustainability.
Asia-Pacific: As a result of its substantial expenditures in automation technologies, fast industrialization, and rising consumer demand, this region is predicted to develop at the fastest rate. India, China, and Japan are important markets with significant room for expansion.
Latin America: The region's market is expanding gradually due to rising investments in industrial automation, rising rates of urbanization, and economic development. The two largest markets are Mexico and Brazil.
Middle East and Africa: Due to economic diversification, urbanization, and rising investments in industrial infrastructure and automation, the Middle East and Africa region offers growth prospects.
1. Americas
• United States
• Canada
• Mexico
• Brazil
2. APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
3. Europe
• Germany
• France
• UK
• Italy
• Russia
4. Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries
Competitive Landscape: The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
• Rockwell Automation
• Mitsubishi Electric
• Schneider Electric
• Automated Packaging Systems
• BEUMER Group
• Siemens
• Swisslog Holding
• Brenton
• PakTech
• SATO Holdings
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Packaging Automation Solutions Market Size 2019-2030
2.1.2 Packaging Automation Solutions Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Packaging Automation Solutions Segment by Type
2.2.1 Automated Packagers
2.2.2 Packaging Robots
2.2.3 Automated Conveyors
2.3 Packaging Automation Solutions Market Size by Type
2.3.1 Packaging Automation Solutions Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Packaging Automation Solutions Market Size Market Share by Type (2019-2024)
2.4 Packaging Automation Solutions Segment by Application
2.4.1 Food and Beverage
2.4.2 Healthcare and Pharmaceutical
2.4.3 Automotive
2.4.4 E-commerce and Logistics
2.4.5 Chemicals
2.4.6 Others
2.5 Packaging Automation Solutions Market Size by Application
2.5.1 Packaging Automation Solutions Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Packaging Automation Solutions Market Size Market Share by Application (2019-2024)
3 Packaging Automation Solutions Market Size by Player
3.1 Packaging Automation Solutions Market Size Market Share by Players
3.1.1 Global Packaging Automation Solutions Revenue by Players (2019-2024)
3.1.2 Global Packaging Automation Solutions Revenue Market Share by Players (2019-2024)
3.2 Global Packaging Automation Solutions Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Packaging Automation Solutions by Regions
4.1 Packaging Automation Solutions Market Size by Regions (2019-2024)
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